The Blockchain Academy Blog

67 INSANE FACTS ABOUT BITCOIN - INFOGRAPHIC

Smart Contracts and the Blockchain

Uncategorized
Mar 26, 2018

What is blockchain? Blockchain is a decentralized database, but not in the traditional database, and peer to peer network that stores and register any transactions. Basically, one gigantic ledger. No one person owns this ledger. Everyone in the peer to peer network has a copy of this ledger. Anyone of the ledger receives an update or an insert of new transaction, everyone in the network will receive the same update or insert in their ledger. However, everyone in the network will have to agree that the change or insert is valid. If the insert or update is deemed by the “proof of work” to be an invalid changed by one of the peer in the network, this transaction will be rejected. Every transaction is written into a file and when the file gets full, it creates a new file or block and each block is chained by the used of a hash key value.

Bernie Madoff - He owned one ledger. So he is able to make the changes he wants and...

How Cryptocurrencies Aid in Disaster Relief

Uncategorized
Mar 19, 2018

The distributed ledger technology working behind cryptocurrencies has proven to be a disrupting technology for commercial and non-commercial industries across the globe. Blockchain technology, through an immutable, decentralized and transparent network, ensures secure storage and exchange of digital assets and confidential data. Startups have adopted a range of blockchain projects to have efficient work solutions in their respective industries including financial services, real estate property, cloud computing, supply chain and logistics management, healthcare, music, e-voting, and CSR sector. Amid these, disaster relief has risen as a new sector where blockchain technology and cryptocurrencies can reduce inefficiencies in disaster relief in order to make this critically important and sensitive process smoother, safer and more efficient.[1]

The Problem

Each year, many parts of the world face natural disasters of different magnitude. From landslides and floods in South Asia to...

How will we know if Blockchain Really Improves People’s Lives

Uncategorized
Mar 13, 2018

In last of our few posts at theblockchainacademy.com[1], we mainly discussed the blockchain potential benefits, challenges and costs for a number of industries. In continuation to our informative content series on blockchain, we have, through this post, tried to explore the same but in perspective of people, i.e. how is blockchain actually helpful for improving people’s lives. Is this something whose benefits are just to be in favor of commercial entities and entrepreneurs or is it transformational enough to bring positive impacts in people’s lives and community at large. We will see this in this post.

Since last two decades, cloud computing, internet and other related technologies have brought great revolution for a number of aspects of society and business today. These advancements have helped people and organizations to be more productive, and indeed these have enriched the life of many people. However, the fundamental mechanics of how organizations and people...

How to invest in Blockchain Technology

Uncategorized
Feb 19, 2018

Technology and training & development go hand in hand; a firm belief held by The Blockchain Academy[1]. Being a leading consultant and provider for corporate training and development solutions across industries, we have always compelled our clients to invest in advanced and more efficient technologies to keep their business ahead in the market. Since we have been focusing the rising technology of blockchain since last few weeks, we have decided to help our clients investing in blockchain technology, through this post.

For investing in blockchain technology, you don’t need to be a Silicon Valley Capitalist and to own stake in global blockchain phenomena. I have included the following ways through which entrepreneurs and businesses of all levels can invest in blockchain technologies directly. From early investments of just few dollars, to equity shares worth billions, entrepreneurs can start investing in the technology at all income slabs.

Lowering Costs by using Crypto-technology

Uncategorized
Feb 15, 2018

The last few posts at The Blockchain Academy[1] mostly focused on blockchain or crypto technology penetration in different industries for making transactions safer, easier and more efficient. If you have read the previous discussions carefully, you must have noticed one more differentiating feature of crypto technology, and that is cost saving. However, we never discussed it in a great deal that it should be. Hence, in this article, we will exclusive see this aspect of crypto technology and blockchain.

As we have already seen, the blockchain technology holds the potential to help profitability pressures on banks, especially in Europe’s negative interest rate environment. Patrick Laurent, a partner at Deloitte, told delegates in one of the official meetings organized by Temenos, that businesses like Ripple had already generated blockchain solutions that are of much help to lower costs[2]. In the meeting, the live polling was also organized, which backed his assertion. The...

The Growth of Blockchain Education in the Future

Blockchain Technology for Real Estate Transactions

Uncategorized
Jan 15, 2018

In continuation of the blockchain series at TheBlockchainAcademy[1], this post is dedicated to blockchain technology application and potential for real estate transactions. A well-recognized trend in the real estate industry is information asymmetry related to the real estate transaction. In the last few years, the sector has turned out to be more transparent. With crisis as the major reason, the demand for information and alignment of the ethical practices and standards seems greater than ever before.

The real estate industry stakeholders recognized and talked about the need for having a central database, resulting in the establishment of stiVAD[2], the foundation for Real Estate Data, in 2011. Technical advancements and increasing availability of geospatial (open) data is expected to enhance transparency and decrease information asymmetry in the real estate sector in the coming years. Added value and distinctiveness is to be determined in combining knowledge of various...

Blockchain Solutions for Global Freight

Just like blockchain is being seen to revolutionize various industries in the next few years, global freight or international shipping industry is not exempted from the great revolution. Being a continuation of our blockchain discussion on TheBlockchainAcademy[1], this post presents the potential blockchain solutions to be used and exploited by global freight industry in the coming years.

A number of businesses around the globe are making grounds to deploy blockchain to shape their shipping industry practices and exploit the potential it brings in terms of cost saving transparency and speed for the global fright transactions. Let’s take the very recent case of Marine Transport International[2], a leading freight forwarder based in the United States and the United Kingdom. The company has recently announced the deployment of the first public blockchain solution in the world, in the global freight industry. The official release of the company states that the business is using...

Related Blockchain Technologies

Blockchain technology is often considered as a confusing concept to interpret and implement. Luckily, TheBlockchainAcademy.com[1] is here to simplify its understanding and embrace its potential for the users belonging to various industries.

Blockchain technology is not a new concept anymore; it has become a fast growing industry. Similar kinds of data structure were present long before this famous bitcoin crytocurrency emerged; however, principal theories of the blockchain structures used today were initially defined and explained in the original bitcoin white paper developed and published by Satoshi Nakamoto in 2008. Now when bitcoin, and its underlying technology i.e. blockchain is on its way to celebrate its decade of origin next year, it is important not to forget the related blockchain technologies that have emerged lately. In this post, we will discuss a few of them.

IPFS

IPFS is the distributed file system that looks for connecting all computing devices with same system of...